Man Global Private Markets Provides $34M Loan For Multifamily In Little Havana, Miami
FINANCED
Florida
See Similar DealsMultiFamily160,000 SF
Financed 02/24/2020
FINANCED
Man Global Private Markets Provides $34M Loan For Multifamily In Little Havana, Miami
736-760 Northwest 1st Street, Little Havana, Miami, FL, USA
See Similar DealsMultiFamily160,000 SF
Financed 02/24/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:160,000 SF
Transaction Type:Loan
A multifamily property located at 736-760 Southwest First Street in Little Havana has been involved in a recent transaction. The property consists of 194 units and spans across 160,000 square feet. The deal was closed on February 24, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Address: 736-760 Southwest First Street
- Market: Little Havana
- Lender: Man Global Private Markets
- Landlord: Premium Group
- Brokers: Brian Gaswirth & Michael DiCosimo - JLL
- Units: 194
- Square Footage: 160,000
Brian Gaswirth and Michael DiCosimo from JLL facilitated the deal as the brokers representing the involved parties. They played a crucial role in ensuring the successful completion of the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,000,000.00
Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions
